Media

Telecoms Selling TV Have Bigger Impact on Cable Firms

Published on November 1, 2013by Shalini Ramachandran and Thomas Gryta

The way things are going, the term “cable TV” may have to be replaced by “phone TV.”

Nearly a decade after Verizon Communications Inc. and AT&T Inc. began building pipelines to carry TV service to U.S. homes, they are nearing the market share of cable operators in areas where they operate, according to third-quarter results released by cable and phone companies in recent days. The top two cable providers, Comcast Corp. and Time Warner Cable Inc., shed 435,000 video customers in the quarter, while AT&T and Verizon added 400,000.